Trident has surged 10% to Rs 26.70 on BSE after the company said that its credit ratings have been upgraded by Credit Analysis & Research (CARE) to A-.
On BSE, so far 1.93 lakh shares were traded in the counter, compared with an average volume of 2.66 lakh shares in the past one quarter.
The stock has hit a high of Rs 27.05 and a low of Rs 25.00 so far during the day.
Trident said credit ratings on its long tem bank facilities of Rs 3342.39 crore have been upgraded by Credit Analysis & Research (CARE) as CARE A- (Single A Minus). Credit ratings on long/short term bank facilities of Rs 1000 crore have been upgraded to CARE A- /CARE A2+ (Single A Minus / A Two Plus).
